It’s not just about MSMEs but a comprehensive package that addresses major issues in agriculture. There is special emphasis on housing which will benefit cement, steel, logistics, local industry and provide jobs. Every country has adopted different strategies, we have chosen this path. We are ahead of many countries on direct benefit transfer, which we have successfully used for transferring funds to the poor, including Ujjwala beneficiaries. It wasn’t a stimulus but a genuine money transfer.
An important statement from the government is to enhance the role of the private sector. There are several oil and steel PSUs, what will be the strategy?
It is a much-delayed and much-awaited decision which is consistent with our philosophy. It does not mean the closure of PSUs. There is unanimity on getting more capital and technology. This should have been done within two years of Independence. People want more job opportunities. The government should be a facilitator in getting investment. It should get more revenue which should be used for social welfare. The idea of the policies is to encourage value addition. We have opened the petroleum sector since 1990s, in steel private players are producing more steel than the public sector.